Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
nguyenduong67 nguyenduong67
wrote...
Go to Answer
Posts: 1028
Rep: 0 0
6 years ago
When the price of pens went from $1 to $1.50, the quantity demanded of pencils changed from 50 to 75 a day. The cross-price elasticity of demand for pens (using the initial value formula) is
A) 0.8.
B) 0.4.
C) 0.2.
D) Cannot be determined from the information provided.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
Read 57 times
1 Reply
Replies
Answer verified by a subject expert
Quinn1981Quinn1981
wrote...
#1
Top Poster
Posts: 772
Rep: 12 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

nguyenduong67 Author
wrote...

6 years ago
This calls for a celebration Person Raising Both Hands in Celebration
vanna2014
wrote...

Yesterday
Thank you, thank you, thank you!
jodie1
wrote...

2 hours ago
Just got PERFECT on my quiz
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1210 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 656
  
 203
  
 290
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: What's your favorite math subject?